Posted on 02/15/2019 3:35:48 AM PST by BadLands59
How can we sign up ?
“Tax the rich, feed the poor Till there are no rich no more...”
>>Due to President Trump’s corporate-friendly tax cuts
New York was going to give Amazon billions of tax breaks.
And is Trump was so friendly to Amazon, you’d think Bezos would throttle back a bit.
Previous years tax losses carried forward to reduce current years taxable income are legitimate.
It is amazing that the socialist who rant about this represent groups that haven’t paid income taxes for generations...taxes for thee, not for me.
I’m really not having a problem with this. It was presented to me once upon a time that corporations do not pay taxes anyway. They collect taxes and pass them on to the government so all taxes are paid by individuals.
That was my thought, too.
Should he be redistributing that us po folk?
Well, sheesh, no wonder Alexandria Occasional-Cortex was mad at Amazon.
My problem with it is that the little guy starting out has to pay taxes. That makes it near-impossible to compete with Amazon when they don’t pay taxes.
Was Amazon going to buy/rent/build in AOC’s District or in one slightly to the left?
But how much did they pay their accountants and lawyers to navigate them through the labyrinthine tax code?
Good. Nothing wrong with corporations following federal tax law.
From 1972 when I made my first six figure income and continued upward, I didn't pay a penny in Federal income tax, until Ronaldus Maximus, lowered that income tax rate {and took away many of my deductions}. 1986 was the first years, after 14 federal income tax free years that I paid federal income tax.
I soon after, sold many tax sheltering gas wells, apartment buildings and tax leveraged leases and changed my focus from tax avoidance to income production.
There is no shame in legal tax avoidance, and anyone that pays more than they are forced to, is STOOOOOOPID.
BTW, I was audited by the IRS, at least a dozen times, rarely was I forced to pay any additional taxes, and when I did lose, I considered it a part of doing business.
“That makes it near-impossible to compete with Amazon when they dont pay taxes.”
Corporations do not “pay” taxes. The corporation’s customers pay taxes through the price of the product. If the company pays additional taxes, they put that amount into the product.
I am no lover of Amazon, but compare what Amazon has done for our economy and what the heck AOC has done.
You must admit there is no contest.
I’ll hold my nose, and choose Amazon every time.
AOC is the most distasteful person to emerge with what she thinks are new ideas...and she is not a good influence.
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I’m with Amazon.
If what they are doing is legal, I have no problem with it. The underlying current of these articles is because they make a lot of money, they are evil and should be destroyed. Typical BS in the media these days.
80,000 pages of tax code make this legit. I don’t understand why anyone whines. If people don’t like this....make the tax code five simple pages, and make everyone pay 7-percent, period.
That's like saying you can't open a business in your garage to build 300-seat passenger jets because Boeing doesn't pay any taxes, isn't it?
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